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TBI shares drop on results

Friday, 11 June 20043 min read

Travel and tourism shares experienced mainly small, downward movements yesterday as London’s equity markets stalled.

 

The FTSE 100 index dropped just 3.4 points on the day to close at 4486.1, while the FTSE 250 managed to gain 4.5 points and closed at 6166.9.

 

The Airports operator TBI’s shares dropped 1p to 63p after it announced annual profits of £23 million, down three per cent despite a 15 per cent increase in passenger numbers at its airports.

 

The Guardian reports that this was “towards the middle of the range” expected by City analysts.

 

Alpha Airports 82p NO CHANGE

BAA 543.5p DOWN 3p
British Airways 259.5p DOWN 4p
Carnival 2489p DOWN 7p

De Vere 441p UP 1.25p
EasyJet 162.5p UP 2.5p

ebookers 288p UP 3.75p

EuroDisney 20.5p NO CHANGE
Eurotunnel 25.25p NO CHANGE

First Choice 123.5p DOWN 3p
Hilton Group 266.5p DOWN 1.75p
Holidaybreak 523.5p DOWN UP 1.5p

Intercontinental 539p DOWN 3p

Lastminute.com 185p DOWN 1p
MyTravel 8.75p DOWN 0.25p
P&O 220.25p DOWN 2.25p
Rank Group 306.75p DOWN 2.25p  

Ryanair 303p UP 0.625p

Stagecoach 84.25p UP 0.75p

TBI 63p DOWN 1p

 

Report by Tim Gillett, News From Abroad